Citing Mallya's claims as "factually false", Jaitley said that since Mallya was a Member of Rajya Sabha, he misused that privilege on one occasion and tried making a settlement with him outside the House.

He, however, declined his offer saying that Mallya must make offers to the bank, Jaitley added.

The finance minister further added that besides this "one engagement" he never gave any appointment to Mallya to meet him.

In a post on Twitter, the finance minister wrote, "My attention has been drawn to a statement made to the media by Vijay Mallaya on having met me with an offer of settlement...

The statement is factually false in as much as it does not reflect truth. Since 2014, I have never given him any appointment to meet me and the question of his having met me does not arise. However, since he was a Member of Rajya Sabha and he occasionally attended the House, he misused that privilege on one occasion while I was walking out of the House to go to my room. He paced up to catch up with me and while walking uttered a sentence that ”I am making an offer of settlement”. Having been fully briefed about his earlier “bluff offers”, without allowing him to proceed with the conversation, I curtly told him “there was no point talking to me and he must make offers to his bankers.”

I did not even receive the papers that he was holding in his hand. Besides this one sentence exchange where he misused his privilege as a Rajya Sabha Member, in order to further his commercial interest as a bank debtor, there is no question of my having ever given him an appointment to meet me."

The statement of Vijay Mallaya that he met me & offered settlement is factually false in as much as it does not reflect truth. Since 2014, I have never given him any appointment to meet me and the question of his having met me does not arise.

Since he was a Member of Rajya Sabha and he occasionally attended the House, he misused that privilege on one occasion, having been fully briefed about his earlier “bluff offers”, I curtly told him “there was no point talking to me and he must make offers to his bankers.”

I did not even receive the papers that he was holding in his hand. Besides this one sentence exchange where he misused his privilege as a RS Member to further his commercial interest as a bank debtor, there is no question of my having ever given him an appointment to meet me.

The Westminster Magistrate's Court which is hearing the final set of arguments in Vijay Mallya's extradition case had asked the Indian government to submit videos of the barack in Arthur Road Jail where it intends to imprison the former liquor baron. The video was submitted by the Indian prosecutor lawyer on behalf of the CBI today.